Exclusive news and research on the wine, spirits and beer business

News Briefs for June 15, 2017

June 15, 2017

•Spain’s Compañia Vinicola del Norte de España (CVNE) has acquired Cava D.O. producer Roger Goulart for an undisclosed sum. The purchase adds Roger Goulart’s Penedes-based estate to CVNE’s vineyard holdings, which include its existing Cune, Viña Real and Contino wineries in Rioja. Established in 1882, Roger Goulart specializes in long-aged Cava made with indigenous Spanish grape varieties, such as Xarel-lo, Macabeo and Parellada. The brand’s international sales currently account for around 75% of its total business.

•New York-based Castle Brands has reported a 7% increase in net sales to $77.3 million for its full fiscal year, ended March 31. EBITDA also rose, up 46% to $5.2 million in fiscal 2017, versus $3.6 million the year prior. The group’s Gosling’s rum and Knappogue and Clontarf Irish whiskies each demonstrated strong gains, while its Jefferson’s Bourbon range grew U.S. depletions 18.7% to 65,000 cases. Concurrently, Castle Brands is looking to further bolster Jefferson’s with increased supply, recently purchasing 3,600 barrels of aged Bourbon and laying down around 6,400 barrels of new fill.

•Precept Wine’s Browne Family Vineyards has partnered with restaurant chain P.F. Chang’s to debut a new range of on-premise-only wines. Sourced from Washington’s Walla Walla and Columbia Valley regions, the Browne Family Vineyards & lineup features a red blend comprised of Merlot, Cabernet Sauvignon and Syrah, as well as a white blend made with Riesling, Sauvignon Blanc, Pinot Gris, Chenin Blanc and Roussanne. The red blend is positioned at $12 a glass, $17 a 9-ounce pour and $39 a bottle, while the white blend is $9 a glass, $13 a 9-ounce pour and $30 a bottle. The Browne Family Vineyards & wines are currently available exclusively at P.F. Chang’s restaurants nationwide.

•Clyde May’s Whiskey is set to launch a nine-year-old cask strength version of its whiskey in select markets. The 58.5%-abv whiskey is aged in charred oak barrels and is the second release in Clyde May’s cask strength series. The whiskey will retail for a suggested price of $99.99. Initially rolling out into select markets, the cask strength offshoot is set to expand nationwide this fall.

•City Winery, founded in 2008 as a hybrid winery, restaurant, music venue and private event space, will open its fifth location in September, in Boston. The Boston venue will complement existing outposts in New York, Chicago, Nashville, and Atlanta. A sixth location is slated for Washington, D.C. later in the year.

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